Vipshop (NYSE:VIPS) Receives Hold Rating from Benchmark

Benchmark reaffirmed their hold rating on shares of Vipshop (NYSE:VIPS) in a research report report published on Wednesday,Benzinga reports.

Several other analysts have also recently weighed in on VIPS. CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and lowered their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Citigroup boosted their price objective on shares of Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Barclays started coverage on shares of Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. Morgan Stanley cut their price target on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Finally, UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Stock Up 2.2 %

NYSE:VIPS opened at $13.55 on Wednesday. Vipshop has a twelve month low of $11.50 and a twelve month high of $20.19. The stock’s 50 day moving average price is $14.64 and its two-hundred day moving average price is $14.42. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.34.

Vipshop (NYSE:VIPS) last issued its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $3.43. The business had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. Vipshop had a return on equity of 21.04% and a net margin of 7.50%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. As a group, analysts anticipate that Vipshop will post 1.97 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Atomi Financial Group Inc. grew its position in Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after acquiring an additional 702 shares during the last quarter. Signaturefd LLC boosted its position in Vipshop by 5.1% during the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after buying an additional 817 shares during the period. Asset Management One Co. Ltd. grew its holdings in Vipshop by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock worth $770,000 after acquiring an additional 954 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Vipshop by 0.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock valued at $4,691,000 after acquiring an additional 2,055 shares during the last quarter. Finally, National Pension Service lifted its holdings in shares of Vipshop by 2.0% during the third quarter. National Pension Service now owns 107,152 shares of the technology company’s stock worth $1,686,000 after purchasing an additional 2,074 shares during the period. Institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.